Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 26, 2025 is estimated to be $177 Million, with a cash option of 77.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Mon May 26, 2025

Draw Date	Jackpot	Cash Option
Mon May 26, 2025	$177,000,000	$77,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,800,000
Federal Tax(24%)	$18,672,000
Additional Federal Tax	$10,074,330
State Tax(5%)	$3,890,000
Net Lumpsum Payment	$45,163,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,664,027	-$946,020 -$133,201	$1,584,806
2	$2,797,308	-$995,334 -$139,865	$1,662,109
3	$2,937,138	-$1,047,071 -$146,857	$1,743,210
4	$3,084,048	-$1,101,428 -$154,202	$1,828,418
5	$3,238,215	-$1,158,470 -$161,911	$1,917,834
6	$3,400,170	-$1,218,393 -$170,009	$2,011,768
7	$3,570,090	-$1,281,264 -$178,505	$2,110,321
8	$3,748,683	-$1,347,343 -$187,434	$2,213,906
9	$3,936,126	-$1,416,697 -$196,806	$2,322,623
10	$4,132,950	-$1,489,522 -$206,648	$2,436,780
11	$4,339,509	-$1,565,949 -$216,975	$2,556,585
12	$4,556,511	-$1,646,239 -$227,826	$2,682,446
13	$4,784,310	-$1,730,525 -$239,216	$2,814,569
14	$5,023,614	-$1,819,068 -$251,181	$2,953,365
15	$5,274,777	-$1,911,998 -$263,739	$3,099,040
16	$5,538,507	-$2,009,578 -$276,925	$3,252,004
17	$5,815,335	-$2,112,004 -$290,767	$3,412,564
18	$6,106,146	-$2,219,604 -$305,307	$3,581,235
19	$6,411,471	-$2,332,575 -$320,574	$3,758,322
20	$6,732,018	-$2,451,177 -$336,601	$3,944,240
21	$7,068,672	-$2,575,739 -$353,434	$4,139,499
22	$7,422,141	-$2,706,523 -$371,107	$4,344,511
23	$7,793,133	-$2,843,790 -$389,657	$4,559,686
24	$8,182,887	-$2,987,999 -$409,144	$4,785,744
25	$8,591,934	-$3,139,346 -$429,597	$5,022,991
26	$9,021,690	-$3,298,356 -$451,085	$5,272,249
27	$9,472,686	-$3,465,224 -$473,634	$5,533,828
28	$9,946,338	-$3,640,475 -$497,317	$5,808,546
29	$10,443,708	-$3,824,502 -$522,185	$6,097,021
30	$10,965,858	-$4,017,698 -$548,293	$6,399,867